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to end the war in afghanistan. the job market is getting better. our economy is improveth. we have double our production of clean energy, doubled our production of traditional energy sources. we are on the brink of being energy independent as a country our size to be. we have the best researchers, scientists on earth, and the most innovative companies on earth. we're still the envy of the world. i continue to have great confidence in our capacity. this city washington is grid locked and spends too much time worried about the next election and not enough worried about the next generation. what jack kennedy understood as well. that's the american people. we go through these periods where our politics gets all balanced up. the truth is sometimes we're nostalgic about the past. >> i am. >> i know you are. if over and over again they see they are not addressing the core problems we have, eventually they will put in place folks who are serious about getting the work done. >> let's talk about the problem with the legislative branch. the nature of america is an aisle down the center. those aisles
blanket over our economy. >> premiums are going up, jobs are being lost. >> we're losing jobs because of obama care. we're losing a lot of jobs because of obama care. >> whoops. turns out they're wrong. really, really wrong. today we learned the economy added 203,000 jobs in november. that means 403,000 jobs since the health care exchanges opened in october. the unemployment rate is now down to 7%. that's the lowest in five years. when the bush recession was ravaging the economy, that's why today's news is so important. five years ago, this country was on the brink of financial ruin. between december 2007 and december 2008, economic growth dropped by $143 million. key stocks fell 33%. and the private sector shed 3.7 million jobs. at the end of the bush years, the private sector was losing jobs month after month. lending and leading to fears of depression. but there wasn't a depression. in fact, president obama's stimulus helped jump start a recovery. we've now had 45 straight months of private sector growth. a remarkable turnaround. republicans were wrong about deregulation about pres
's passed. >> the other issue obviously is the economy. >> the economy remains the single biggest concern. >> washington consistently failed to act. >> these aspare teas have become too big to ignore. >> making an action across the board. >> raising minimum wage, assistance to the long-term unemployed. something of a warning call to the american dream. >> it is not simply a moral claim. >> it's rooted in the personal. >> so we can make a difference on this. >> there are 19 shopping days to find health insurance on the government exchange. 29,000 people reportedly completed the application and selected a health plan on the federal exchange on sunday and monday but we don't exactly know how many of them completed the purchase and have paid their first premium. today, president obama told young supporters at the afford kabl care act youth summit how they can help make health care reform a success. >> the truth is, that for your friends and family, the most important source of information is not going to be me. it's going to be you. they are going to trust you if you're taking them on a websi
. it could cost a nation. >> congressional budget office estimates the law will boost the economy by more than 3%, cut the deficit by almost $200 billion over ten years, savings from new workers, new businesses and new taxpayers. those numbers were not lost on the party's fiscal hawks. >> i'm not aware of any trade association, any major or minor business group that doesn't recognize we need more people, business, and fiscal workers. >> and they recognized the historic vote, with the republican party's renewed political life. >> i know that everything is not going to change in a year. but if we don't start now we're not going to have anymore success in four years, eight years or 12 years. >> joining me now back in this reality, is the president of the national council. based on the surprising staffing choice, janet, this staffing choice, staffing choice of members of congress don't normally make news, but this one did. it got tons of attention, the senators tweeting congratulations. why all the hubub about a staffer? >> well, i think it is important, as somebody who worked on capitol hill
. but the economy is certainly better today than it was in 2009, so -- >> i want to put dollars and cents to this. this is the difference in the cbo projected savings. they're projects $222 billion in a year from medicare and medicaid from this slowing of health care costs. the sequester is $87.9, and the cuts to food stamps is $23.8 billion. >> i have been on twitter all day about this, they can't find a single positive thing to say about the law. literally it could bring people's health care costs down to zero, they could cure cancer, and conservatives would be shouting from the rooftops that it's a disaster. i think this california thing is hysterical. in part because it's the sort of natural conclusion of the republican panic about this. they vote in mass against the law even though it originated in republican ideas. they vote to try to repeal it unsuccessfully. the website they think will sink it, and then they just throw toilet paper at it. >> and in the absence of a website that wasn't malfunctioning, they created their own website to malfunction, right? they weren't served a gift of a mal
, the economy comes to life. norfolk southern. one line, infinite possibilities. and better is so easy withrning you cabenefiber.o something better for yourself. fiber that's taste-free, grit-free and dissolves completely. so you can feel free to add it to anything. and feel better about doing it. better it with benefiber. in the florida everglades, it looks like they've gotten well-needed help. i want to bring in john zarre a zarrella. what is the latest here? have they been successful? >> reporter: yeah, this is really, really good news. what we are hearing now, we are here in the gulf of mexico, we just caught up with the stranding rescue team and the whales are gone. i'll repeat that. the whales are gone. they can't find them. a coast guard overflight of this part of the gulf of mexico and off the florida everglades did spot a large pod of whales in the 30s, they cannot confirm that it is the same group, but they are optimistic that it is and that group was 11 miles offshore. so, they have moved well offshore into deep water and the stranding team -- >> sounds like we lost john there. i mea
economy works for every working american. that's why i ran for president. the basic bargain at the heart of our economy. this increasing inequality is most pronounced in our country. a child may never be able to escape poverty, because she lacks a decent education or health care. that should offend all of us. what drives me is a grandson, a son, a father, an american, is to make sure that every striving, hard-working, optimistic kid has the same incredible chance that this country gave me. dr. king once said, of all the forms of inequality, injustice in health care is the most shocking. not anymore. if you still don't like obama care, you owe it to the american people to tell us what you are for. not just what you're against. >>> here at 30 rock, we are counting down to tonight's lighting of the famous rockefeller christmas tree. that war on christmas, a lot of hum bug, of course. but as president obama prepares to join in the national tree-lighting on friday, he's got a few other things to attend to. first, including a long list of policy goals that he wants to achieve for the american
sales promotions. christine romans is here with the good news. >> automakers saw the economy is getting better and they think it will keep getting better next year and that is great for auto sales. when you look at car sales, it really gives you a clue into the minds of the consumer. you don't just spend $38,000 on something casually. you need access to credit, confidence about your job, a ro reason to do it. very good numbers for november. 14% year over year increase for gm, that's great. ford, up 7%. chrysler, up 16%. and it wasn't just the incentives. there were good incentives. about $2500 on average was the incentive to get out there and buy a car. big advertising for black friday. a lot of people went to the showrooms, that helped. but this is really a recovering economy story. and pent up demand story. and you're hearing it from the automakers who are looking at the a good 2014, as well. their stocks reflecting it, too. >> absolutely. so the auto bailout was a good idea? we all remember back in 2008 when mitt romney said let detroit go bankrupt and there was a big partisan fight.
technologies and jobs... and strengthen the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wireless... can do more for america tomorrow. >> and now, the toyota sports desk. a welcome tonight. ohio state and a lack of emotion. inconsistency. there are 63-pointers. six three-pointers. a big time jammer. ohio state spanks maryland. 76-60. eddie jordan and rockers in town. there are five guys in double figures. rutgers. they go to 71 of three on george there are two timeouts. three seconds left on the clock. 3, 2, 1. ballgame. see you. let me take you to virginia. .3% shooting playerts and the only who was in double figures it was for virginia. .yan zimmerman and cal ripken i'llas ryan's board would -- boyhood idol. they also talked about the right-hander. win and goeady to deep in the playoffs. you have to have pitching. four, it gives you a lot of depth. maryland women. eighth-ranked maryland has never big 10 challenge. the men cannot say that. >> this next story cannot wait. you will love this. and oklahoma new station -- news
coming over here and competing in the gobble economy. education is at the core of this and goes to connecting that bond that has been broken. >> you have all this evidence that's truly offensive. take the detroit pension ruling. so we know what the ruling was and we know what the effect may be on people's pensions. they will be cut. city employees, firefighters, no matter how the pension deal was cut years ago the pensions will be cut. but before the pensioners receive their pension who gets paid first? the bond holders, the banks, the big boys and then, then the pensioners will get paid. there's something just deeply flawed with what's been going on in this country and it's not one party or the other, it's the whole system and it's a couple of decades that it's been going on. >> there's a suspicion the people who have been having these massive hikes in their compensation packages are not reinvesting necessarily in job growth and productivity. they are actually -- it feels to a lot of americans on main street like funny money, it's getting recycled, reput into investment funds t
the continued poverty, deprivation, suffering. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. ...are the hands that do good things for the whole community: the environment, seniors, kids, and animals. that's why we created the share the love event. by the end of this year, the total donated by subaru could reach 35 million dollars. you get a great deal on a new subaru. we'll donate 250 dollars to a choice of charities that benefit your community. it feels good to be a helping hand. ♪ [ male announcer ] laura's heart attack didn't come with a warning. today her doctor has her on a bayer aspirin regimen to help reduce the risk of another one. if you've had a heart attack, be sure to talk to your doctor before you begin an aspirin regimen. if you've had a heart attack, be sure
, the latest jobs report is out showing a better than expected 203,000 jobs added to the economy in the month of november with the unemployment rate dropping to 7%. this is now the lowest unemployment rate we've seen since the financial crisis. it comes on the heels of revisions that show the economy growing last quarter at one of the fastest rates since the onset of the great recession. at this pace, 2013 will be the best year for job creation since 2005. congress, of course, still has it in its power to screw things up. but it also has the power to make things better. one of the most persistent bedevilling problems with job creation throughout this entire recovery has been that low-wage jobs have accounted for half of job creation in the past three years according to analysis through april of this year. and congress, if it wanted to, could do something about that today. it could vote to raise minimum wage. and president obama would sign it immediately. so we have reached into the alternate reality in which that happens and we present the latest installment of our series in which those lawma
the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wireless... can do more for america tomorrow. >>> welcome to world news tonight, in the frozen zone, a massive ice storm in the heart of the country. drivers out of control, winter weather from new mexico to maine. hundreds of thousands without power, temperatures drop. >>> celebration of the life of nelson mandela, leaders around the world going to south africa to bid him farewell. >>> made in america. clothes made in america again. and tonight, you can trace your jeans to the farmer who grew the cotton. make it a merry christmas for american jobs.
know the economy is essential, and it's good he was meeting with secretary geithner, but here on his signature issue not to take charge. and i have no doubt the white house is right, that secretary sebelius was in several group meetings with the president about health care, but the whole point is, there was nobody in charge in the administration. the president was turning to and saying i look to you for overall responsibility, and in this case it should have been the secretary of health and human services. she does run the department that oversees this. and the fact that he was not meeting with her one-on-one, i think, frankly, is not so much an indictment of her but of the white house operation. >> which is fascinating because we saw her testify very publicly, she took full responsibility for what had happened, but at the same time if this was so important to the president, you would think that there was a lot more one-on-one interaction especially on something that's so critical to him and his policy. professor, the president went on msnbc this week, he was asked about his manageme
. and in an economy that is not creating enough work for people who want to go to work and still not creating enough middle class jobs. >> reporter: the president is paying attention to the issue, calling for a raise in the federal minimum wage. >> it's well past the time to raise a minimum wage that in real terms right now is below where it was when harry truman was in office. >> reporter: in this push for a higher minimum wage, a higher federal minimum wage likely to not go away anytime soon. the bureau of labor statistics shows six out of ten fastest growing positions in the next decade will be low paying positions. >> a lot of folks are struggling. that's for sure. we'll be watching these protests across the nation. >>> in other headlines, vice president joe biden says china's new air defense zone over the east china sea is causing significant apprehension. he's in beijing meeting with the country's top leaders. biden says he expressed washington's firm position and expectations regarding the zone. the air space is over a disputed island chain claimed by both china and japan. biden will be headi
to innovate, create new technologies and jobs... and strengthen the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wirireless... can do more for america tomorrow. >> now, the toyota sports desk. it is brought to you by toyota dealers. .> i will get to the trade how about the wizards. they won. they close out the month of november winning a 6-8 and now they start out .500. john wall has never been that's as a wizard. singleton had 11 points and john wall had a double double. he had 13 assists and trevor reason had -- trevor r reza had a hot hand. a hot hand. the bottom three ball. john wall, for the first time in his career, the washington are 500. let's go to baseball. the washington wizards made a significant trade with the detroit tigers. they have a 29-year-old which are named doug pfister. her named doug pfister. in the month of december -- september he won 5-0. he said american league record with nine straight strikeouts against kansas city. he had healthy starts and a record of 14-9. he is now a washington national. tea
becomes a revving economy andheir hometown. >> what about arriving that on a thursday?- daylight dachshund daylight thursday? thursday?ike time lapse.he but onw will be pleasant the cloudy side through the region tomorrow afternoon. lily perr sent in by en. a gorgeous pictures shared on our facebook page. we are in the 40's now with on unset. the winds light out of the southeast. that will be the mechanism to warm us up even more in the next couple of days. this is 56 and 41. 51 and 36 the averages just a year ago today. the record high as 71 at reagan national airport, not quite there today. chilly in the northeast but mild to the south and carolina center the mid-south. far enough west and did west, it is beyond cold. that airmass will chill and deepen and move eastward and sooner or later, we will have to deal with very cold temperatures again but not right yet. we will see the mild temperatures tomorrow and then a push of warm air ahead of the cold front wishing us into the middle 60's on thursday. and dragging in the cold front slowly moving across. after we get through friday, a lot
... people to innovate, create new technologies and jobs... and strengthen the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wireless... can do more for america tomorrow. >> and now the toyota sports desk brought to you by your local toyota dealers. the carolina hurricanes came to town and blue the capitals away tonight. they kept the pressure on for the entire game. they got 26 shots. he got things rolling. skinner shoots it through a keyhole. carolina. no chance. it was still going in the second half. lookout. here he comes again. not their best game. carolina if the capitals. syracuse blasted indiana. it was georgia tech over illinois. unbeaten buckeyes are favored. maryland is 5-2. they are coming up to the tournament. >> they're going to test this. we knew that. we are much more competitive today than we were a few months ago. we are going to see how well we can do against a big-time team. >> this week is all about this team. they scored with a career-high. he was the difference maker. 81-63. the pittsburgh steelers head
you this is a drain on our economy. >> if they thought they could control that much of the economy and that much of the policy board, i would see them aiming at that. i think they short term hope that happens. but with 1.5 million people being told they qualify for medicaid, with thousands signing up. with more people signing up for obama care in the last two days than the first whole month of the program, i think the train is out of the station, i think it will be politically influx -- >> rachel, the debate has just changed. you know, when the conversation was only about the inability to get on line, and there was confusion out there, 85% of americans don't need to be concerned with going on line. i will say you have insurance through your employer, nothing is going to change for you. so i think the confusion has really been a detriment. i am from pennsylvania, we don't have our exchange, i probably would have more than two dozen choices. if our governor had cooperated, i think in addition to aetna and in addition to blue cross i would be looking for more solutions. in the end, pe
on that. >> hi there, kate. let's talk about the jobs report in a moment. your economy is three things, jobs, investments and housing. we think of it as the three corners of the triangle. you need all of those for your personal finances and to grow your wealth. small businesses, they seem to be hiring more than the big businesses are by the way. auto sales have been up. you have the signals that are showing the economy doing a little bit better. >> when you're talking about the economy doing better, let's talk about housing. you say there's good news there. >> that's one very important part of your finance triangle. 3% home growth is what zillow was forecasting. mortgage rates moving up, 4.46%. that's not necessarily bad. why? it says the banks might start writing more loans next year. >> historically they're still very low. >> very low, absolutely. anything under 5% is still very low. >> good news. why is the stock market still stalling? >> that's interesting. five down days for stocks over the past week. your 401(k) is up double digits this year, no question. you've seen really good
the u.s. economy has been created over $200,000 a month. this is very good nils because the job market is strengthening. wall street is reacting positively. the >> we have been dealing with subfreezing temperatures. are you ready for the rain and snow? i will have a full detail of what to expect. [uncle]this is hopscotch,okay? uncle go one,two,one,two,one two,one. [niece]okay! [uncle]okay? [niece]one,two three,four,five,six,seven,eight! [uncle laughing] okay,we go the other way,okay? [niece]one,two,three,four,five, six,seven! [uncle laughs]there's ten spaces,you want to try again? [uncle]yeah? tell me you can'wait for christs. and you appreciate the things io. because we'll ways be a famil tell me i bring out the best iyou. ♪ that you're thankful ♪ that it won't be theame without me tell me you love m even if you say it every d. just tell . [ female announcer everyone you love has someing they need to hear this holid. tell them with a hallmark card >> welcome back. we are watching the weather perry ed there is an ice storm out of dallas. the traffic is just box of the roadway, thei
is the economy creating? an ice storm causes havoc in the middle of the country. manuel bojorquez is there. and allen pizzey on the years that made the man. >> for 18 of the 27 years he spent in prison, nelson mandela walked down this corridor
driving around. >> weather may cold but the economy seems to be warming up. labor department november jobs report shows the unemployment rate dipped to 7% down from october 7.3 percent. employers added 2 $3,000 jobs. as we knowy explains that report was just washington wall street needed. >> stock finished the day up big. dow gained 200 points after the labor department released jobs report. unemployment rate dropped 3/10s lowest in 5 years. >> nobody who works on the issues in the administration is satisfied even with the steady progress that we have been making and prostive news today. >>reporter: employers added more than 200,000 jobs in november. better than what economist had expected. almost a quarter of them in high paying industries like construction and manufacturing. the september october numbers were also revised 0to show more growth. stock market reacted favorably amist believe there could be some down days ahead if the federal reserve taper the economic stimulus program when it meets later this month. >> stimulus is grit for stock and belief is when the feds back from t
on cnn. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> memorials are growing and people in south africa are celebrating the life of nelson mandela, the civil rights icon died thursday at the age of 95. cnn's robin kurnow is live outside his home in johannesburg where it really is a place of holding vigil, at the same time celebrating his life. >> reporter: absolutely. it's like a pilgrimage here. south africans doing what they always do, they sing in times of happiness and in times of hardship. and this noise, this celebration, this la meant you hear behind me has been going on literally since thursday night. people singing over and over again, nelson mandela, nelson mandela, there's no one like you. now, many of these south africans behind me felt like they had a personal closeness with nelson mandela. they owe so much to him. and he had that way with people. his family saying today that he had time for everyone, kings and queens, rich or poor, great or small. and, in fact, one of those people was bill clinto
perception of the economy may not have quite caught up. only a quarter of people polled said they believe the economy is getting better. deb? >> alexandra, thanks so much. >> in south africa, ten days of mourning under way for the man many called madiba. also, the nsa, what might they have been peeking into any time? here's a hint it, could have just been in your pocket. that's coming up. we're aig. and we're here. to help secure retirements and protect financial futures. to help communities recover and rebuild. for companies going from garage to global. on the ground, in the air, even into space. we repaid every dollar america lent us. and gave america back a profit. we're here to keep our promises. to help you realize a better tomorrow. from the families of aig, happy holidays. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is... 3 million homes. by 2030, investments in energy efficiency could help americans save $300 billion each year. take the energy quiz. energy lives
with you later. >>> let's talk economy. the new government jobs report has turned out to be an early holiday gift for us in the u.s. with the unemployment rate at its lowest since 2008. look at the number in red, 7%. last month, 203,000 jobs were created, beating many economists' expectations and more importantly, the numbers behind this jobs report show that the hiring isn't just for those $9 an hour jobs, but also for higher paying positions. let's talk about this with our senior economist at bloomberg government. and christine roman, who stayed up for us and we appreciate you, christine. cnn chief business correspondent and host of "your money." christine, first to you. we know november means holiday shopping for most of us, if you think ahead, which means seasonal workers. when we look at these numbers, did the government adjust for that? >> oh, yeah, and i'm going to tell you this is a pretty broad-based jobs gain. it wasn't just bartenders and waitresses, not just stocking the shelves. it was broad based. you look at warehousing and transportation, those jobs, $24 an hour. you
of our time making sure our economy works for every working american. the opportunity gap in america is now as much about class as it is race. that gap is growing. so if we're going to take on growing inequality and improve upper mobility for all people, we've got to move beyond the false notion this is an issue exclusively of minority concern. >> good morning major garrett at white house. >> reporter: good morning charlie, norah, viewers out west. he gave the speech of what he believes an obsession republicans have to prosperity. the white house disagrees on this issue coming front and center in the next couple of weeks. congressional negotiator democrats and republicans on capitol hill are trying to figure out a way to avoid the second round of across the board spending cuts otherwise known as sequestration. those cuts would harm the push for better economic growth and wage equality. another push from the president, renewed push for higher minimum wage. currently $7.25 an hour. the white house backs the democratic proposal to raise to $10.10 an hour. these are
loss of principal. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. yeah... try new alka seltzer fruit chews. they work fast on heartburn and taste awesome. these are good. told ya! i'm feeling better already. [ male announcer ] new alka seltzer fruits chews. enjoy the relief! my boyfriend has a lot of can't-miss moments. i checked out the windows phones and saw the lumia 1020 has 41 megapixels. so i can zoom way in even after i take the picture. and i can adjust the shot before i take it so i get it exactly how i want. so, i went with a windows phone. maybe i just see things other people don't. ♪ honestly ♪ i wanna see you be brave ♪ so when coverage really counts, count on nationwide insurance. because what's precious to you is precious to us. ♪ love, love is strange just another way we put members first. because we don't have shareholders. join the nation. ♪ baby... ♪ nationwide is on your side ♪ cortizone-10 has the strongest nonprescription itch medicine plus moisturizers to help heal skin
on the economy. adp says it was a gain of 215,000 jobs in november. that was about 30,000 more than what was expected. adp also hiked its october number considerably higher. that bodes well for the jobs report that comes out on friday. if we see a conversation that we saw in october that could finally push the reserve into tapering its monthly bond purchases. it meets later this month. that's the been speculation that's been going on for months now. looking for better signs in the economy we are starting to see that happen. that's leading to selling on wall street. couple of companies that did well yesterday despite some selling were apple and tesla. tesla shares shot higher by 16% after german regulators cleared any manufacturing defects from those model s fires and apple shares went up about 2.5% on reports it's struck a deal with china mobile the biggest wireless carrier in china. the numbers are pulling back today. let's look at the big board. right now the dow is lower by 43 points. nasdaq is down by about 8. s&p falling by 6. and tesla shares are down 3%. apple down by .5%. back to
to stimulate the economy. the new york times reports an announcement to cut the program could come next week. officials expect the nations economy to improve in the new year. that could put a stop to the big games on wall street over the past couple of months. the stocks were flying high friday after the announcement of a stronger than expected jobs report. the dow finished 198 points higher, the nasdac rose 29. and interesting information about the new rich in our country. a survey shows 21% of u.s. adults become rich for part of hair lives, earning a household income of a quarter million dollars or more at some point. those in the group made up of older professionals, working married couples, and educated singles usually make at least six figures a year during other periods which is in the top 20% of earners. frank and michelle? >> okay, wendy. well the world will have a new biggest airline today, right? >> it's going to be in the u.s.. american airlines will merge with u.s. airways when their deal goes through later today. the government had tried to block the merger. the deal will lift a
and career change, fidelity is there for your personal economy, helping you readjust your retirement plan along the way, rethink how you're invested, and refocus as your career moves forward. wherever you are today, a fidelity i.r.a. has a wide range of investment choices to help you fine-tune your personal economy. call today, and we'll make it easy to move that old 401(k) to a fidelity i.r.a. >> cooper: one of the most extraordinary stories of bravery to emerge from the war in afghanistan began when a four- man navy seal team found themselves badly outnumbered in a long and vicious firefight. only one of the seals survived. his name is marcus luttrell, and tonight, you'll hear his account of a mission that went horribly wrong after he says his unit was surprised by, of all things, some goat herders and their goats. marcus luttrell's three seal teammates weren't the only american casualties in the battle. a chopper with 16 other special operations forces that had rushed to help luttrell and his team was shot out of the sky. everyone on board was killed. at the time, in june 2005, it was
+ point yesterday. watching wall street with our financial expert black. people say if the economy is doing better the federal government will start tapering its bond buying. >>: housing numbers have been pretty good. we will take a look at those tomorrow. trucks and all those great. chrysler reported about 16 billion run away per year. that is a number we never thought we would get back to. so that's the story. the market is expanding. a little fear of the fence. we still know this company like this company. i think the bull market has another year plus to go to get twice earnings. i think we have another year but i think we're going to see some consolidation between now and then. >>mark: are is it the thought that we will get a slow rise in interest rates rather than a big jump. >>: yes and no. it's fascinating to look at. for the average person they are probably bored out of their mind bridge the average person at home the federal reserve has lowered the overnight lending to zero. the treasury bonds has proved up to 25262728 but the overnight is still almost as 0%. until we get
for american progress, a liberal think tank in washington, talking about the economy, issues bi s like incom disparity, called for a hike in minimum wage, extending unemployment benefits, but he wrapped up an event at the white house with younger americans, a youth summit here at the white house that goes to the issues that the white house believes younger americans care about. first and foremost on the president's mind, was the affordable care act, they desperately want younger americans to sign up. you mentioned the enrollment numbers. 29,000 in the first couple days of this month, exceeding all of what was picked up in october, and about a third, by the way, of what the administration says will be reported for november. and the president very interestingly at one point, brooke, talked about the term obama care. people in washington have been saying the president hasn't been using the word obama care as much lately. what's the deal with that? the president used it during this address to younger folk s here at the white house. here's what the president had to say. >> i know people call this
in just a moment ago. the u.s. economy grew faster than expected in the third quarter and that's some good news. jobless claims are down, layoffs slow and unfortunately as we head to the holidays, a lot people end up losing their jobs and it may not be as bad as we have seen in past years. we will keep an on eye things. >> thank you for joining us on the morning ktvu channel 2 morning news news. >> i am pam cook, let's check with steve paulson on the forecast. cold, cold forecast. >>> 11 degrees and napa has set a record already, the one coming in 30 degrees oakland tied at 35, livermore does not look like they will set a record, and walnut creek, west of let loom, a lot of 30s and it is bitterly cold out there. tomorrow it will be cold, records there has been a bun 15 set. very low 50s, here is sal. >>> we do have some slow traffic out there and i want to mention we have a crash on whipple which is blocking lanes and traffic is backed all the way to san leandro so please give yourself extra time and it will be slow as you drive through. southbound 101, let's go show you live picture and t
news on friday the u.s. economy has added about 2000 jobs a month for the past three months and the u.s. employment rate patrick fell from 7.3 to 7%. the federal reserve will start tapering back to its massive bond buying program by the end of the year. in fact the fans got over three + six trillion dollars on its balance sheet right now. at a recent survey suggests economists think 62 percent of them think the bonds will be tapering at the end of 2014. another third the% thinks it will happen in the second quarter. it's like to be kind of ugly as the festers to taper is bound by program. the real concern is what will happen with interest rates. we get a jump or rise slowly. >>anny: of 2014. a new survey from the associated press finds one in 5 americans become rich for parts of their lives. the group is made up largely of older professionals, working married couples and more educated singles. many of them earn a household income of $250,000 or more at some point. they are liberal on issues like abortion and same sex marriage, but they are also wary of any government role in closing t
're going to begin with good news about the economy. the labor department reports that some 203,000 jobs were created last month. that number surpasses expectation. the unemployment rate also dropped to an even 7%, the lowest mark in five years. job growth especially strong? manufacturing and construction. >>> meanwhile, the fbi's investigating the shooting death of an american chemistry teacher on the streets of benghazi, libya. ronnie smith, you see him here just about to join his wife and young son in texas for the holidays. his murder comes days after al qaeda called for libyans to attack u.s. interests. >>> and an arizona family have survived this. this is the end of a car crash that sent that family plummeting 250 feet down a cliff. the driver with her sister and two nieces in the car, struck a patch of that ice covering so much of the country. thankfully, everyone was wearing their seatbelts so everyone in fact, only suffered minor injuries. wear those seatbelts today, please. >>> and good news from the florida everglades, as well. 35 of the 41 whales that have been stranded in sh
in the process run down the economy. this hasn't, look, the president -- >> i've got to go. my producers are screaming at me. we will continue this conversation. but thanks to both of you. i do appreciate you joining us tonight. >>> lighting up in america. in just weeks, colorado will become the first place in the world to regulate pot from seed to sale. >> reporter: andy williams is out to become captain of the newest industry, colorado's legal pot business. his medicine man will be selling to users, up to an ounce for colorado residents, a quarter ounce to out of staters. anyone over 21 can buy starting january 1. industry watchers say it will be the first time ever anywhere in the world marijuana has been regulated from seed to sale, an experiment making colorado sort of a silicon valley for pot. it appears that you guys are already bulking up for what happens january 1. >> every one of my competitors are doing the same thing. >> my gosh, did you see all the pot? what if pot becomes legal in your town. right now you can't say the word marijuana in smoke shops. we went to check out wha
's as the economy improves, there's still so manpeople out there suffering. >>> it is gog to be cold. let's get the latestor u. >> spenc christian is tracking it. spencer? >>> yes, the cold snap will make us quickly forget about the mild spell we just had. live doppler 7 h.d. up north, a shrinking area of light rain. it was a much wider area earlier moving south of eureka toward mend cito county and the bay area. not the possibility of showers we're concerned about but thea, rival of very cold air. a freeze watch is in effect for tuesday night, tomorrow into wednesday morning for the north bay, the strait and lta. subfreezing temperatures will be spread all across this area. possle damage to sensitive plant and exposedpipes. now the following morning or night, wednesday into thursday morning, the freeze watch expands to virtually all of the bay area with the exception of safrancisco. it will be even colder with still freezing temperatures spreadg southward. there's an increased risk of hypothermia. as we look liverom the east bay hills camera, here's the projected morning low temperatures for t
industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. combinations of your favorite seafood from lobster to crab, shrimp and mussels in a savory broth. try one today, and sea food differently. now, try seven lunch choices at $7.99. sandwiches, salads and more. the day building a play set begins with a surprise twinge of back pain... and a choice. take up to 4 advil in a day or 2 aleve for all day relief. [ male announcer ] that's handy. ♪ >>> debunktion junction, what's my function? true or false? obama care does not, i repeat, does not cover babies? exhibit a, when this man tried to get insurance for his family, he was told he could buy a plan for his wife and himself and three young children, but his youngest child was out in the cold. obama care does not cover babies. th
. >>> 7:45. happening today at the white house, president obama will talk about the economy this morning. he will focus on the income gap between the rich and the poor. he will say that income in equality and shrinking economic mobility are a fundamental threat to the american dream. he will also call for increasing the minimum wage. he's due to speak at 8:15 this morning. ktvu will provide coverage of his remarks right here on "mornings on 2." >>> about 1.3 million unemployed americans could lose federal jobless benefits starting january 1st. emergency jobless benefits for long-term unemployed people are due to expire at the end of the year unless congress appears to extend it. that doesn't seem likely right now, especially since many republicans are against it. the federal unemployment insurance kicks in for laid-off workers who use up the standard six months of state-funded compensation. >>> 7:46. it looks like human error could be to blame for last sunday's deadly train derailment in new york. a rail workers' union says the engineer, william rockefeller, admitted to losing focus and
president obama will talk about the economy at 8:15 this morning. he will be focusing on the income gap between the rich and the poor. he will be saying income and equality are a fundamental threat to the american dream. the president will also call for raising the minimum wage. president obama is due to speak at 8:15 this morning. ktvu will provide coverage of his remarks coming up on mornings on 2. >>> also this morning california republicans are defending a website one that criticizes the new health care law. the democrats say taxpayer money should not have been used to create that website. democrats are also saying the website created by republicans and the state assembly looks too much like the real website for the state's health care exchanges. and could prevent some users from signing up. the republican website has links to media coverage detailing problems with rollout of the health care law. >>> fighting to stay open. the new challenge san francisco city college faces. >>> also a relative of president obama has his day until court. a judge decides if he must be deported or if h
americans are getting jobs, which reflects growth in the economy. the adp national employment report showed the private sector added 215,000 jobs in november, and that was more than expected. close attention will be paid to the november report, which is due out on friday. >>> it's cold out there right now. check out napa at 24 degrees. i've got a forecast for napa in the area around santa rosa, for overnight lows into the teens. napa could easily get down to 19 degrees tonight. even cooler. walnut creek, 26 degrees. right now, temperatures below freezing. the freeze warning in effect for everybody until 9:00 a.m. tomorrow except san francisco. interestingly enough, we still have light winds out there. these winds, when they die down, it's going to get colder. we're looking for records tomorrow. napa tomorrow could easily crush its record set in 1972. the records of 1972. livermore, 24. that breaks a record. oakland could break a record. san francisco could break a record. it is going to be one cold morning tomorrow morning. then on top of that, the next weather system coming in. the latest
technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> nelson mandela spent 18 of his 27 years on robben island and shakespeare was smuggled into the prison in the 1970s. a prisoner disguised it and told guards it was a religious book. that prisoner asked inmates to identify passages that spoke to them personally. nelson mandela chose this passage. "ou wards die many times before their death, the valiant never taste of death but once. nelson mandela later said the passage was one that he repeated when he had to tell someone good-bye. more about nelson mandela's imprisonment is coming up. next, nelson mandela's achievements as president. >>> those smiles that you're seeing are kids that never have seen desks before. thanks to you and contributions by the k.i.n.d. fund. peop
. >>> the dow lost 68 points. the nasdaq lost four. the economy grew faster than expected. >>> twitter has named a woman to its board of directors for the first time. 66-year-old margerie scardino is the former ceo of a communication company. in the past twitter has been criticized for the lack of women on its boards and top officials. >>> the -- this quilt honors 45 people who have died of aids. youth uprising says it's hosting the quilt to raise awareness for aids. >>> two schoolmates diagnosed with cancer just days apart. how a community is rallying behind the girls and their families. >> i break down and cry all the time because i just can't even believe the generosity. >> a freeze warning still in effect and winter weather advisory on the way. the unusual conditions still to come in the >>> a number of home burglaries in hercules could be the work of two teenagers. in all cases they happen during the day when the homes were empty. pry marks were found in front doors. one homeowner said he found cash and electronics missing. >> you have to take extra measures. >> another victim says he walk
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